The Federal Government of Nigeria has on the 5th of February, 2018 opened the February window of its Savings Bond offer(s) which is expected to close on the 9th of February, 2018
It consists of two (2) tenors:
2-Year FGN Savings Bond due February 14, 2020: 10.277% per annum
3-Year FGN Savings Bond due February 14, 2021: 11.277% per annum
Below are the additional information to guide your application:
Unit of Sale: N1,000 per unit subject to a minimum subscription of N5,000.00 and in multiples of N1,000.00 thereafter, subject to a maximum subscription of N50,000,000.00
Coupon Payment: Payable every quarter with principal repayment at maturity.
Settlement Date: February 14, 2018.
Coupon Payment Date: May 14, August 14, November 14, February 14
Security: The FBNSB is backed by the full faith and credit of the Federal Government of Nigeria (FGN).
Subscription Mode: Investors can subscribe through licensed Securities brokers by taking the following steps:
Obtain the FGNSB Subscription Form from any designated Broker
Make payment for subscriptions with beneficiary name clearly indicated to the designated broker’s account within the subscription period:
Immediately fill and submit subscription form.
Investors are advised to promptly contact or send an email to his/her choiced broker with evidence of payment for immediate confirmation of payment receipt.
The CSCS is expected to credit investors’ accounts with allocated FGNSB volume on the settlement date.
The Federal Government of Nigeria Savings Bond (“FGNSB”) is an investment product issued through the Debt Management Office (DMO) on behalf of the Federal Government. The FGNSB will be backed by the full faith of the Federal Government of Nigeria and it thus deemed to hold no default risk (Zero-Based Risk).